Daniel Humm Sells Greenwich Village Condo To Randy Lerner For $17M
Greenwich Village
$17,000,000
Building Size
—
Asset Type
Condo
Closing
Jul 25, 2023
About this deal
AI
Daniel Humm, the award-winning chef and owner of Eleven Madison Park, has sold his penthouse in Greenwich Village for $17 million. The condo, located in the vibrant Greenwich Village market, was purchased by Randy Lerner. The sale marks a 17% profit for Humm, who had bought the property just two years ago for $14.5 million.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,000,000
- Market: Greenwich Village
- Buyer: Randy Lerner
- Seller: Daniel Humm
This deal showcases the success of Daniel Humm as both a chef and a real estate investor. Humm's ownership of Eleven Madison Park, known for its exquisite culinary experiences, has evidently extended to his investment ventures. With a profitable return on his Greenwich Village penthouse, Humm demonstrates his keen eye for valuable properties.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93